Jsx Energy Looks To Produce Clean Renewable Power In Thailand

[ThaiGoon]

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JSX Energy Looks to Produce Clean Renewable Power in Thailand Adding Ten Million Dollars in Annual Cash Flow

BANGKOK, Thailand--(BUSINESS WIRE)--In anticipation of future operations and increased demand for electricity, JSX has commissioned a preliminary feasibility study to assess the economic viability of a full scale solar energy project on one of its petroleum concessions in northwest Thailand. National statistics show the area to be amongst the driest in the Country while enjoying an above average amount of sunshine; making it an ideal location for such a venture.

Investments in solar are consistent with the Thai Government’s new energy policy which include generous subsidies that make solar as attractive as traditional energy sources. Under a long-term offtake agreement with the Provincial Electric Authority, a 10 megawatt plant would generate approximately US$10,000,000 in annual cash flow, including carbon credits.

The Thai Government is aggressively promoting all forms of renewable energy and recently announced several initiatives to stimulate investment in the sector. Under the new plan, solar power qualifies for the highest subsidy per kilowatt-hour, making it competitive with other energy sources for the first time in history. The study will be based on best available technologies and results are expected within three months time.